Economic Development Annual Report

Annual Report 2023/2024 Mpumalanga: Department of Economic Development and Tourism - Vote 6

Department of Economic Development & Tourism (Vote number 6)

Financial Statements for the year ended March 31, 2024 Notes to the Financial Statements

Figures in Rand thousand

Note

2023/2024

2022/2023

1. Annual appropriation 1.1 Annual appropriation Included are funds appropriated in terms of the Appropriation Act (and the Adjustments Appropriation Act) for National Departments (Voted funds) and Provincial Departments:

Figures in Rand thousand

2023/2024

2022/2023

Final budget Actual funds received

Final budget Appropriation received

Programmes Administration

116,249 742,441 40,991 130,114 19,018 538,066

116,249 742,441 40,991 130,114 19,018 538,066

109,750 826,033 32,389 131,110 19,229 465,336

109,750 826,033 32,389 131,110 19,229 465,336

Integrated Economic Development Trade and Sector Development Business Regulation and Governance

Economic Planning

Tourism

Total

1,586,879

1,586,879

1,583,847

1,583,847

1.2 Conditional grants** Total grants received

27

3,816

4,599

Provincial grants included in total grants received

3,816

4,599

2.

Departmental revenue

Tax revenue

850,420

577,883

Sales of goods and services other than capital assets

2.1 2.2 2.3 2.4 2.5

105 272 164 374 7,985

87

Fines, penalties and forfeits Interest, dividends and rent on land

-

4,399

Sales of capital assets

36

Transactions in financial assets and liabilities

3,825

Total revenue collected

859,320

586,230

The Department mainly receives revenue in the form of tax revenue from gambling, liquor licence fees, and horse racing collected by Mpumalanga Economic Regulator (MER) and paid through the Department, to the Provincial Revenue Fund. 2.1 Sales of goods and services other than capital assets Sales by market establishment 32 16 Other sales 73 71 Sales of goods and services produced by the department 105 87

2.2 Fines, penalties and forfeits Penalties

272

-

2.3 Interest, dividends and rent on land Interest

7,985

4,399

63

265